CO-OPS & CONDOS
O'Sullivan & Zacchea represents condominium associations and cooperative boards in compliance and transactional matters. Our Co-op & Condo practice is complemented by our other practice areas, such as real estate and civil litigation.
We provide expert counsel for cooperative boards and community associations.
We serve as general counsel to cooperative boards and community associations throughout Queens County. We advise our clients on governance and regulatory compliance, as well as facilitate their real estate transactions. We counsel members of the board of directors, association members and shareholders, in resolving internal disputes among residents and the association.
We assist clients in drafting, reviewing, interpreting, amending and enforcing governing documents. Additionally, we regularly review and negotiate agreements between the association and third-party vendors, such as landscaping, towing and management companies. Our goal is to help community association leaders understand their organization's legal rights, as well as the fiduciary responsibilities they personally accept as board members.
Collecting delinquent maintenance, assessments and fines requires time and resources, but provides necessary revenue to the community. We are highly experienced in handling collection litigation and we regularly advise clients on maintaining consistency in lien enforcement and collection and, when necessary, obtaining and enforcing judgments.
BUSINESS FORMATIONStarting a business is a major event. Whether alone or in partnership, the proper formation is essential to the foundation of the entity. We counsel entrepreneurs, sole proprietors, start-ups, family businesses and small business through the critical process of formation. From understanding the value of incorporation and the various corporate forms to compliance with the rules and regulations of formation, our goal is to provide our clients with the proper platform for success. We regularly advise, draft and analyze operating agreements and partnership agreements, as well as joint ventures and acquisitions.
DRAFTINGClear communication and mutual understanding is essential to business. Our clients rely on us to negotiate, draft and execute documents that accurately reflect their understanding, comply with regulations and achieve their goals. We counsel clients on reducing liability, mitigating risk and resolving problems before they arise.
DISPUTE RESOLUTION AND LITIGATIONCommercial disputes can be complex and challenging. Businesses require skilled, experienced counsel to advise and advocate for them. We have counseled a wide variety of clients in commercial litigation, including real estate developers, accountants, attorneys and other entrepreneurs in connection with partnership disputes, corporate accountings, liquidations and dissolutions.
TRANSACTIONS AND TRANSITIONSAs businesses expand and contract, legal needs often unexpectedly arise. We approach these transitions with our clients' unique financial and strategic plans in mind. We advise and counsel clients in connection with an array of commercial agreements including sales and supply agreements, research and development agreements, licenses, franchise agreements, distribution agreements and indemnifications. We also advise clients on establishing and implementing exit strategies for partners and owners, including transfer of ownership between partners, family members or chosen employees.